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Pension And Other Postretirement Benefit Plans (Tables)
 12 Months Ended
Mar. 31, 2024
Retirement Benefits [Abstract]  
Assumptions Used To Compute Net Periodic Benefit Cost And Benefit Obligations
Assumptions used for financial reporting purposes to compute net periodic benefit cost and benefit obligations for the Company's primary defined benefit plans were as follows:
Pension BenefitsOther Postretirement Benefits
202420232022202420232022
Discount rates:
Benefit cost for plan year5.00 %3.70 %3.30 %4.90 %3.60 %2.90 %
Benefit obligation at end of plan year5.27 %5.00 %3.70 %5.17 %4.90 %3.60 %
Expected long-term return on plan assets:
Benefit cost for plan year6.50 %5.50 %5.50 %3.00 %3.00 %3.00 %
Salary scale:
Benefit cost for plan year4.00 %4.00 %4.00 %4.00 %4.00 %4.00 %
Benefit obligation at end of plan year4.00 %4.00 %4.00 %4.00 %4.00 %4.00 %
Healthcare cost trend rateN/AN/AN/A6.97 %6.97 %6.17 %
Benefit Obligations, Plan Assets, And Funded Status
The following table reflects the changes in benefit obligations and plan assets in fiscal years 2024 and 2023, as well as the funded status of the plans at March 31, 2024 and 2023:
Pension
Benefits		Other Postretirement Benefits
March 31,March 31,
2024202320242023
Actuarial present value of benefit obligation:
Accumulated benefit obligation$231,685 $235,540 
Projected benefit obligation237,626 241,399 $20,077 $20,716 
Change in projected benefit obligation:
Projected benefit obligation, beginning of year$241,399 $277,050 $20,716 $24,957 
Service cost5,214 6,172 239 115 
Interest cost11,566 9,670 1,049 944 
Effect of discount rate change(5,147)(31,621)(255)(1,906)
Foreign currency exchange rate changes(298)(543)30 (145)
Other2,197 (2,120)589 (659)
Benefit payments(17,305)(17,209)(2,291)(2,590)
Projected benefit obligation, end of year$237,626 $241,399 $20,077 $20,716 
Change in plan assets:
Plan assets at fair value, beginning of year$221,953 $256,013 $2,257 $2,706 
Actual return on plan assets11,666 (20,613)174 73 
Employer contributions4,257 4,038 1,794 2,068 
Foreign currency exchange rate changes(235)(276)— — 
Benefit payments(17,305)(17,209)(2,291)(2,590)
Plan assets at fair value, end of year$220,336 $221,953 $1,934 $2,257 
Funded status:
Funded status of the plans, end of year$(17,290)$(19,446)$(18,143)$(18,459)
Funded Status In Consolidated Balance Sheets
The funded status of the Company’s plans at the end of fiscal years 2024 and 2023 was reported in the consolidated balance sheets as follows:
Pension
Benefits		Other Postretirement Benefits
March 31,March 31,
2024202320242023
Noncurrent assets (included in Pension asset)$11,857 $9,984 $— $— 
Current liability (included in Accrued expenses and other current liabilities)(2,344)(3,352)(1,695)(1,768)
Noncurrent liability (reported as Pensions and other postretirement benefits)(26,803)(26,078)(16,448)(16,691)
Amounts recognized in the consolidated balance sheets$(17,290)$(19,446)$(18,143)$(18,459)
Additional Information On Funded Status
Additional information on the funded status of the Company’s plans as of the respective measurement dates for the fiscal years ended March 31, 2024 and 2023, is as follows:
Pension
Benefits		Other Postretirement Benefits
March 31,March 31,
2024202320242023
For plans with a projected benefit obligation in excess of plan assets:
Aggregate projected benefit obligation (PBO)$36,842 $29,430 $20,078 $20,716 
Aggregate fair value of plan assets— — 1,934 2,257 
For plans with an accumulated benefit obligation in excess of plan assets:
Aggregate accumulated benefit obligation (ABO)35,640 28,487 N/AN/A
Aggregate fair value of plan assets— — N/AN/A
Components Of Company's Net Periodic Benefit Cost
The components of the Company’s net periodic benefit cost were as follows:
Pension BenefitsOther Postretirement Benefits
Fiscal Year Ended March 31,Fiscal Year Ended March 31,
202420232022202420232022
Components of net periodic benefit cost:
Service cost$5,214 $6,172 $6,674 $239 $115 $170 
Interest cost11,566 9,670 8,754 1,049 944 950 
Expected return on plan assets(15,504)(13,630)(13,562)(63)(76)(86)
Net amortization and deferral659 2,038 1,679 (791)(737)(422)
Net periodic benefit cost$1,935 $4,250 $3,545 $434 $246 $612 
Recognized In Accumulated Other Comprehensive Income (Loss) On Pretax Basis The amounts recognized in other comprehensive income or loss for fiscal years 2024 and 2023 and the amounts included in accumulated other comprehensive loss at the end of those fiscal years are shown below. All amounts shown are before allocated income taxes.
Pension
Benefits		Other Postretirement Benefits
March 31,March 31,
2024202320242023
Change in net actuarial loss (gain):
Net actuarial loss (gain), beginning of year$64,114 $67,280 $(8,332)$(6,681)
Losses (gains) arising during the year107 (98)377 (2,223)
Amortization included in net periodic benefit cost during the year(793)(3,068)786 572 
Net actuarial loss (gain), end of year63,428 64,114 (7,169)(8,332)
Change in prior service cost (benefit):
Prior service cost (benefit), beginning of year(457)(1,487)(36)(201)
   Prior service cost (benefit) arising during the year692 — — — 
Amortization included in net periodic benefit cost during the year134 1,030 5 165 
Prior service cost (benefit), end of year369 (457)(31)(36)
Total amounts in accumulated other comprehensive loss
at end of year, before income taxes
$63,797 $63,657 $(7,200)$(8,368)
Amounts in the above table reflect the Company and its consolidated subsidiaries. The accumulated other comprehensive loss reported in the consolidated balance sheets also includes pension and other postretirement benefit amounts related to ownership interests in unconsolidated affiliates.
Weighted-Average Target Pension Asset Allocation And Target Ranges By Major Asset Category
The weighted–average target pension asset allocation and target ranges at the March 31, 2024 measurement date and the actual asset allocations at the March 31, 2024 and 2023 measurement dates by major asset category were as follows:
Actual Allocation
Target AllocationMarch 31,
Major Asset CategoryRange20242023
Equity securities29.0 %19 %-39%26.7 %27.5 %
Fixed income securities (1)
66.0 %56 %-76%67.3 %66.0 %
Alternative investments5.0 %0 %-10%6.0 %6.5 %
Total100.0 %100.0 %100.0 %
Expected Future Benefit Payments
Estimated future benefit payments to be made from the Company’s plans are as follows:
Pension
Benefits		Other
Postretirement
Benefits
Fiscal Year
2025$17,126 $2,100 
202618,141 1,929 
202723,644 1,856 
202819,017 1,774 
202917,345 1,681 
2030 - 203385,512 7,729 
Fair Values Of The Assets Under Fair Value Hierarchy
Fair values of the assets of the Company’s pension plans as of March 31, 2024 and 2023, classified based on how their values were determined under the fair value hierarchy are as follows:
March 31, 2024
Level 1Level 2Level 3Total
Equity securities$56,243 $— $— $56,243 
Fixed income securities (1)
143,740 — 7,695 151,435 
Alternative investments— — 12,658 12,658 
Total investments$199,983 $— $20,353 $220,336 
March 31, 2023
Level 1Level 2Level 3Total
Equity securities$58,745 $— $— $58,745 
Fixed income securities (1)
142,335 — 6,917 149,252 
Alternative investments— — 13,956 13,956 
Total investments$201,080 $— $20,873 $221,953 
(1)Includes high yield securities and cash and cash equivalent balances.